Our News & Events in 2022

December 22, 2022

The last days of 2022 are flying by fast. This year was marked by two of the most discussed topics that have impacted a very large number of people and businesses all over the world. These topics were a huge global inflation and Russia's war in Ukraine, which became one of the main causes of the inflation...

December 20, 2022

Accounts payable is thought of as a routine office chore but if done incorrectly, could cost companies in the hundreds and thousands in reprocessing costs, overpayments or delayed payments. A company’s standing in the marketplace is determined by how reliably it can repay its debt to the various stakeholders including vendors and partners. And prudent accounts payable (AP) practices help achieve that. While one cannot rule out fraudulent AP practices by staff, a majority of the mistakes ...

December 15, 2022

Handling AP/AR transactions on a daily basis can be challenging, especially if you are dealing with hundreds of invoices and bills of lading from multiple suppliers. Accounts payable is a labor-intensive, document-based function that can hold up talented personnel for days working on mundane invoice processing work. The complexities are compounded by the fact that not all vendor invoices come in a similar format and type. When dealing with several suppliers, you need a strict system of sorting, filing, and data entry from different invoice formats manually. Manual vendor invoicing can take forever ...

December 13, 2022

Processing over 90000 inbound vendor invoices at a stretch without breaking a sweat! Who doesn’t want that for their business? Accounts payable automation is now a business necessity for many forward-looking companies. With out-of-the-box intelligence and tight API-level integration with many ERPs and business applications, AP automation brings companies the leverage to accelerate invoice processing and scale operations without adding to staff or operating costs ...

December 08, 2022

Thirty years ago, the promise of an automated future began with the re-branding of accounting systems into something vendors began calling ERP (enterprise resource planning) systems. At the time, the re-positioning of accounting systems as a system that centralized data for all departments and processes within an enterprise — including produce, deliver and account for customer orders, was seen as the cure for data and process blindness ...

December 06, 2022

Acumatica Cloud ERP software finds application in many different verticals, and supports small and mid-sized companies to optimize their business management efforts. Its fully integrated suite of ERP applications help companies streamline Finance, Distribution, CRM, Project Management, eCommerce, Field Service, etc. Workability is at the core of any successful business application. With Acumatica, users have the benefit of customizing the solutions to meet their business requirements while ...

December 01, 2022

You have a pile of invoices to reconcile after having purchased goods and raw materials for your business. Small business owners like yourself know the importance of time and resources, and how critical it is to achieve maximum results with optimal usage of your resources. Why AP Automation? Maximizing output from human and structural capital helps propel operations. And, subjecting your talented staff to mundane, uninspiring work is not one of them ...

November 29, 2022

A robust, well-managed accounts payable process helps accelerate receivables, lower debt and maintain the required cash flows needed for business sustainability and growth. Small and mid-sized businesses have a greater need for maintaining sufficient cash flows and liquidity as the scope for revenue generation through other channels like securing microloans is difficult. Raising funds through angel investing or crowdfunding is usually reserved for startups and companies projected ...

November 17, 2022

Budgeting is a yearly exercise that companies undertake. A company’s budgeting strategies and budget allocations will determine its future. In today’s fiercely competitive marketplace, budgeting is no longer just an exercise in fiscal restraint, savings, and prudent purchases. Determining budget allocations for new projects, investments, and technologies will determine the onward trajectory of a company. Sustainable businesses are built as much on the kind of budget that is set for ...

November 15, 2022

The manufacturing sector is quickly catching up with digitalization. Robotic arms, artificial intelligence, computer vision, etc. are transforming established manufacturing practices and work methods for the better. Added to the digital transformation on the factory floor and warehouses is the rapid development taking place in the administrative section of manufacturing companies. The continuous creation of big data has put a lot of pressure on companies to manage data and document processing work ...

November 10, 2022

What’s the return on intelligent automation? How impactful is this technology in accelerating a business? For that, we’ll look at a case study. Artsyl’s intelligent process automation platform, called docAlpha, is embedded with digital transformation technologies like AI, machine learning, intelligent data capture, robotic process automation, recognition software including OCR/ICR/OMR, and business process automation. These technologies help configure task-specific workflow and capture ...

November 08, 2022

In a fast-paced economy and marketplace, where customer preferences and demand change rapidly, it is difficult for businesses to keep up if there isn’t a clear plan for digital transformation. Digital transformation can come about through digitalization: the application of advanced automation technologies to change processes and business models for the better. Going digital is easier said than done, especially for a company that is long established and ingrained in the traditional ...

November 03, 2022

These pandemic months have demonstrated the importance of cloud computing and cloud applications for business mobility. For organizations globally, the need to demonstrate resilience and reliability in the midst of social resticitions was paramount to their continuity in the long run. Those small and mid-sized businesses that made the radical change to transition basic administrative functions to the cloud benefitted the most during the lockdown phase. A lot of the continuation of business ...

November 01, 2022

Let’s get some stats out of the way first! According to Research and Markets, the image recognition and data capture market is estimated to reach USD 622.03 million by 2025, with an annual growth rate of 24.82 between 2020-2025. Image recognition and capture, along with Artificial Intelligence (AI) are quickly becoming some of the finer tools to introduce optimization along systems and processes ...

October 27, 2022

Consider this: as per estimates by the United Nations Environment Program, approximately one-third of food produced globally is lost or wasted. In industrialized countries, around 40% of these losses occur at the retail level. Major squandering of resources and poor coordination among participants along the supply chain are responsible for most of the wastage. Whereas food is mainly lost in the early stages of the supply chain in the case of developing countries, it’s the reverse for medium ...

October 25, 2022

Any software deployment can be an epic fail if you do not know what you’re looking for. Before shopping for AP automation software, follow these routine, yet often overlooked tips to make your journey towards digital transformation a success. AP Automation has become a must-have for forward-looking companies in recent times. One of the reasons is the quick ROI that companies get — usually users experience a good turn around in invoice processing ...

October 20, 2022

Managing everyday business from front-end jobs like customer service and product marketing to back-office functions in finance & accounting (F&A), human resources (HR), and tech support involves a lot of document processing work. Access to usable information, especially in the case of mid-sized and large organizations, is difficult, given the tons of data circulating among the various stakeholders in an organization. Another problem with data retrieved from business transactions ...

October 18, 2022

In search of saving time and money, companies have begun to make the switch from managing their data in rudimentary programs like Excel, to relying on modern applications, such as SAP ERP. With its impressive design allowing users to store, sort, analyze, plan, and audit all their financial transactions in one location, the software has helped accounting and management teams to better control, neaten and quicken their procedures. Read on to learn more! ...

October 13, 2022

For companies to survive and thrive in a competitive market environment, it is important that they build capabilities that promote business agility. Businesses must become more agile to adapt quickly to changing market conditions and ensure sustainable growth. The best way to future-proof companies against plausible global disruptions is by investing in technology. Technology, for the most part, is an enabler and helps create foolproof, sustainable business models for future growth ...

October 11, 2022

Technology is an enabler. We’ve seen the rapid transition companies have undergone by simply automating routine, repetitive tasks. Almost every sector has been impacted positively by Intelligent Automation (IA) solutions. And this trend doesn’t seem to slow down any time soon — Statista reports at least 39% of respondents to their 2019 global survey are said to have adopted Intelligent Automation at a functional level ...

October 06, 2022

With the advent of technology, processes and process control within organizations have transformed from being mere operational units to major strategic hubs. One such example within all companies is the accounts payable function, which has transitioned from a traditional cost center to a strategic working capital unit. In fact, the AP department has become so valuable that organizations are setting aside a definite IT budget to either deploy more ...

October 04, 2022

Supply chain management is the movement of goods and resources, inbound or outbound, with the primary participants along the chain — manufacturers, wholesalers, distributors, & retailers — being responsible for the supply chain and for helping deliver the final product to the end customer. Logistics is a series of congruent activities like transportation, packaging, warehousing, etc. that make up a supply chain network ...

September 29, 2022

Order processing software is a critical component of order fulfillment. Done right, you could garner new customers. Done wrong, your company brand could be affected. For business longevity, it is not enough that you manage customers. What you need to focus on is the customer lifecycle — knowing your customer and catering to his/her requirements consistently. For this, you need to have in place a customer-centric business model ...

September 27, 2022

We discuss why automated invoice processing is needed for QuickBooks. QuickBooks is a formidable accounting software that is helping companies keep a check on their finances. But the initiation of accounting operations in QuickBooks, as with most business processes, begins with data entry. The right AP data entry to QuickBooks elevates its efficiency and helps companies build accounting best practices. Accessing this data by traditional, manual effort is time-consuming, laborious, error-prone ...

September 20, 2022

It is commonly acknowledged that CFOs must lead the charge in sound financial management and exercise prudence in money matters to ensure long-term growth. But what does this mean at the operational level? What can CFOs do to ensure sustainable business development even in the midst of external disruptions like COVID-19? When dealing with corporate finances, accuracy and efficiency are the two most binding factors that ensure company longevity. And the bulk of actions where these two ...

September 15, 2022

With a constant influx of invoices, an average of 50% of companies find themselves working with duplicate transactions on a regular basis. Even with in place protocols, such duplications may lead to wasted resources, funding and time, setting back the efficiency of organizations and risking client relations ...

September 13, 2022

When sourcing the right technology tools to fit your business requirements, make sure they come with a good degree of flexibility and scope for customizations and integrations. The trouble with introducing emerging technology solutions in your everyday business environment is you often end up with a poor assemblage of disparate systems that fail to integrate with existing infrastructure. With diminishing IT budgets in these uncertain times, it is imperative that you select intelligent platform solutions that are agile enough to scale as your business grows — a differentiated ...

September 08, 2022

Intelligent Process Automation (IPA) of document-based processes ensures easy data availability to ERPs and line-of-business applications. IPA software applies digital transformation technologies like AI and Machine Learning to capture, extract, classify, validate, and verify data from unstructured documents like vendor invoices and customer sales orders, before sending the approved data to ERPs and other business applications ...

September 06, 2022

We are revisiting the topic of digital transformation from our previous post on Industry 4.0 and Manufacturing, which focused mainly on the different technologies being adopted in this sector. This time, we look more closely at the challenges and opportunities in manufacturing, fresh off the pandemic as well to see what is needed to propel business and revenues in this space. Manufacturers have generally been slow to catch on to the Industry 4.0 bandwagon compared to other sectors like ...

August 30, 2022

Something as simple as scanning can actually initiate workflows that get business done. Getting hold of the right data for business use is difficult if you don’t have the right tools to capture it. And data capture essentially often starts with scanning! Scanners have become an essential component of integrated digital transformation technologies like Intelligent Process Automation (IPA). Scanning devices are now integrated with AP invoice processing software or sales ...

August 25, 2022

The pandemic has forced companies to chuck their 5 years plans and transform their work environments within 5 months. For good or bad, many theories regarding digitalization have been busted as businesses felt the urgency of transitioning to automated work environments overnight. This goes to show that we are indeed capable of meeting our 5 year goals sooner; what was missing was the sense of urgency to move to a modern workspace soon enough. And we are in fact already witnessing ...

August 23, 2022

Intelligent document processing for a Document Management System (DMS)?!! Sounds confusing, right? Well, that’s what we plan to explain in this blog — why intelligent process automation or intelligent document processing is needed and how it can augment the capabilities of a document management system. Handling paperwork including filing, archiving, sorting, etc. is a routine nobody wants to follow, even the ones who love monotony! Thankfully, today we have robust document management ...

August 18, 2022

The accounts payable department is sort of the financial backbone, responsible for monitoring and managing the cash flows in any company. The financial health of a company can be assessed by screening purchases and payments made by this department. It, therefore, goes without saying that for companies to remain solvent and of sound financial state, the proper functioning of the accounts payable department is imperative ...

August 16, 2022

Often, employees are asked to set up a few performance metrics or KPIs in relation to their job. They need to report these metrics at their monthly meetings as a way for the management to gauge their progress. Sounds simple enough? Not! If measuring KPIs is one thing, identifying suitable metrics is a whole different ball-game ...

August 11, 2022

Preparing for A Near-Paperless Office Content chaos is real. Too much paper and too little insights, poor governance and compliance, haphazard process control, and basically clutter that stalls your schedule, priorities, and company goals. Thankfully, we have modern technology and intelligent automation to reinvent the way work gets done in the office. Let’s firstly see why depending less on paper is advantageous for growing businesses ...

August 09, 2022

The Blue Prism digital workforce is packed with the latest automation capabilities to progressively resolve enterprise challenges. However, accurate business knowledge is critical to the functioning of Robotic Process Automation systems. RPA bots implement processes, but the initiation of any process starts with data. In other words, data feeds the RPA system and alternately, RPA bots manipulate data in order to accomplish tasks. The relationship is almost symbiotic ...

August 04, 2022

The insurance sector is dictated by set governance standards and compliance clauses. So, one would think it would be easy to modernize the sector purely based on the fact that there are already industry-specific formulae and process controls in place, which would make automating this sector a piece of cake. Well, the ground reality is vastly different and points to a more traditional management model that is rife with manual paperwork ...

August 02, 2022

Robotic Process Automation (RPA) is mostly useful in executing routine business processes that are repetitive and require manual effort. RPA augments workers by acting as a catalyst to hasten standard administrative and rules-based operations, without inducing any errors or latency that are typical of human effort. RPA reduces operating costs, and improves throughput and efficiency greatly — RPA bots do not stop, as a human would ...

July 28, 2022

In today’s competitive global business environment, companies are continually looking for new ways to drive growth without inflating costs so they can grow the top line without inflating their bottom line. In that context, it’s surprising that companies continue to overlook intelligent process automation and opportunities to eliminate process waste and related costs related to manual order entry related to processing customer sales orders ...

July 26, 2022

According to a recent B2B Payments Survey, manual invoice processing is the biggest challenge (65%) small business owners say they face, and the second-most pressing problem for treasury departments in larger organizations. For those larger organizations ($1B+ in revenues), more than half (54%) consider manual payment processes as one of their top three payment-related pain points ...

July 21, 2022

New process automation technologies are allowing companies to transition from being process-focused to customer-focused. Gone are the days when corporate weekly meetings involved figuring out how to accomplish business tasks. Today’s corporate discussions are centred more around the customer and how to retain them for the long-term — this is in large part thanks ...

July 19, 2022

Digitalization is the answer to doing away with the inefficiencies associated with paper. Optical Character Recognition (OCR) has for a while been the popular technology to digitize paper documents. However, this method of recognizing and capturing data from paper documents falls short when the quality of the image is not great. OCR fails to retrieve all vital data from paper if the image is poor and requires a suitable image preprocessor to prepare the document ...

July 14, 2022

Intelligent Capture helps companies transcend typical capture bottlenecks that have kept them from adopting complete end-to-end automation for document-based processes. To initiate any process such as accounts payable or claims processing, you need data. In reality, getting access to transaction and source documents was time-consuming due to the inefficient capture methods used — documents from diverse sources would be manually entered, scanned, uploaded ...

July 12, 2022

How are you handling AP? It’s tax season, which means you are, like most of us, in a mad scramble to get your books in order! For growing businesses, the difficulty is making sure all transactions are on record and up-to-date. A missing invoice here and an unfiled order transaction there, and it’s the beginning of a series of erroneous bookkeeping undertakings that could screw up your taxes. And if you’re practicing double-entry bookkeeping, you will find it difficult balancing ...

July 07, 2022

In the age of Amazon, our expectations as consumers have gone beyond minimizing costs to maximizing convenience. Frictionless purchasing and fulfillment, from same day or next day delivery to one click (or no click voice command) purchasing, have raised our expectations as consumers. And the expectations we have as consumers translate into the same sorts of expectations we now have in the B2B world ...

July 05, 2022

Data forms the crux of any business process. And so, it follows that whatever trajectory a business takes very much depends on the data it has been fed. Getting access to the right data is vital for the success of a company. Say, you are processing a claims form. If due diligence with regards to the authenticity of the reimbursement claimed or the provider information is not done, one could end up overpaying or paying a fraudulent claimant ...

June 30, 2022

We’ll firstly discuss what exactly goes into accounting and bookkeeping in order to understand the time, labor, and costs involved. This will give us a clear picture of why it, in fact, helps to optimize accounts payable using intelligent process automation. Bookkeeping: In its most basic form, bookkeeping involves jotting down or journaling a company’s day-to-day or periodic transactions in a book. Typically known as a daybook, it is basically a log of all daily or periodical purchases, payments ...

June 28, 2022

These difficulties are compounded by the fact that most companies still deal with outdated systems where business is conducted mainly using paper. Manual paper-based processes are, more often than not, error-prone, and tend to slow down operations due to the sheer volume of paperwork — a missing PO here or a duplicate invoice there, and the whole invoicing process for a single vendor could add to the overall departmental complexity and confusion ...

June 23, 2022

RPA by itself is a mere mechanical droid that performs basic human tasks; it cannot handle a change in the standard, familiar tasks and needs human intervention. Augment Intelligence to RPA to enable touchless processing of basic and complex human tasks. A look at the Intelligent tools that enable ‘autonomous RPA’. As more and more organizations prepare to transition from a people-driven to a process-driven setup, the need for Robotic Process Automation (RPA) ...

June 21, 2022

One more automation software in the market! Is it really needed? Enterprise software and office automation is now commonplace in the corporate landscape. With new technology solutions propping up every day, the question is do businesses need one more tool to get work done? The answer is YES! Technology enables enterprises. Businesses may not need another software tool to replace an existing one but what they definitely should look to build ...

June 16, 2022

Even in an increasingly digitized world, the importance of human capital hasn’t diminished. Companies are finding it difficult to hire talented staff that can manage new challenges and business models with every new innovation, product, market opportunity, and consumer demographic. While continuous learning is becoming a regular phenomenon among the current generation and mid-level professionals as well, the skills that workers come with is still limited in scope ...

June 14, 2022

From timing and managing your month-end close more accurately to maintaining an up-to-date inventory, NetSuite comes in as a very handy application for businesses. But that’s not it! NetSuite’s true potential comes to the fore through its tight integration with Artsyl’s codeless platform for accounts payable, InvoiceAction. The Artsyl digital transformation platform for AP automation unlocks the potential of NetSuite manifold by ...

June 09, 2022

Customer delight. It’s no longer just part of a motivational quote that sits on your desk. It’s an actual thing! Countless books detailing strategies, methodologies, to-do lists, and gimmicks have been published to entertain, attract, and engage the savvy customer. But, at the end of the day, it all comes down to three things ...

June 07, 2022

Sales order processing is an interesting part of supply chain management that if done right, can save you considerable amounts of time and money, and impact sales positively. We’ll look at how to optimize order processing and accelerate business in a fast-paced and competitive marketplace ...

June 02, 2022

First of all, let us get this myth out of the way. Intelligent Process Automation does not ELIMINATE the workforce, rather it AUGMENTS it. Automation has come a long way in providing streamlined solutions to everyday challenges in the workplace. And with the ensuing after-effects of the pandemic coupled with labor and monetary challenges, companies need a lever to navigate efficiently through the turmoil and re-establish a winner’s mindset at the office. ...

May 31, 2022

When it comes to streamlining and eliminating inefficiencies related to the payment of goods to vendors or the receipt of payment from customers, both processes suffer from the same kinds of obstacles and bottlenecks. The good news for companies deciding to reject manual processes for accounts payable and accounts receivable, is that today’s intelligent process automation solutions can be applied cost effectively, with tangible results for either process ...

May 26, 2022

The manufacturing sector has always paced itself to incorporate the right technology solutions that accelerated operations and brought in high returns. The early stages of the industrial revolution saw the establishment of heavy industries. Large deposits of coal and fuel made it possible to set up heavy engineering divisions that were capital-intensive and required large scale infrastructure and large machine tools ...

May 24, 2022

How much time do you spend entering data into Microsoft Dynamics 365? If your answer implies that’s all you do for the majority of your working hours, there is a problem! Although it takes companies a while to plan and implement a digital-first strategy to keep up with the competition, not being able to modernize data entry and processing can impede not just digitalization efforts but also stagnate growth at the operational level. Growth can be determined in terms of sales and revenues, but also in terms of ...

May 19, 2022

Robotics and intelligent technology solutions aid companies in accelerating business. The focus on software applications and the deployment of end-to-end solutions for business mobilization this past year only point to the growing indispensability of intelligent automation in getting work done. Machine Learning (ML) and Artificial Intelligence (AI), suitably acronymized as MLAI, are enabling the continuity of critical processes and functions like never before. Intelligent automation technologies ...

May 17, 2022

Artsyl’s intelligent process automation platform enables automation of document-dependent processes. The solutions InvoiceAction — for AP invoice automation and OrderAction — for sales order automation are certified for Acumatica Cloud ERP. These solutions are embedded in many ISV, BPM, and IDC solutions, making it possible to conduct end-to-end intelligent document processing of any number of diverse unstructured and semi-structured document types in accounts payable (AP) ...

May 12, 2022

Dynamic case manage systems that can handle complex sets of data, documents and decisions have been around for decades, delivering the ability to help track and manage complex processes in a more sophisticated, efficient and predictable manner. For the most part, these systems have delivered on their value proposition — with a few exceptions...

May 10, 2022

When you look at the options available to companies today to automate their finance and accounting processes, it’s surprising the extent to which accounts payable and accounts receivable work constitutes manual labor. From handling and filing physical and digital invoices, to manually routing documents for approval (either via a mail cart, Fedex or via email), to keying in data to ERP systems by hand, it’s no surprise that most companies struggle to keep up ...

May 05, 2022

In an increasingly volatile economy, industries are looking for novel ways to become more resilient to market dynamics. The Oil and Gas sector, in particular, is leading the charge in finding a suitable solution for sustainable growth and productivity. Today, companies have a better understanding of risk and factors impeding continuous production. Much of these factors are associated with the incessant market volatility and global economic slowdown ...

May 03, 2022

You’ve built a solid foundation for your company — a great product, competent management, and sound working capital. But there’s still one thing that’s preventing you from elevating to the level of best-in-class — a differentiating factor that will give you the competitive edge over others. As your business grows and operational complexities increase, it’s difficult to keep track of your goals and be in control. In fact, scaling operations is not as easy as it seems. How many times have you heard ...

April 28, 2022

The difficult part about staying on top of your payables and receivables management is reconciling invoices and fulfilling sales orders consistently, without faltering at some point due to processing delays or exponential operating costs. The good part is an intelligent process automation platform will take care of all such business constraints and more. This is exactly what this manufacturer experienced when they deployed docAlpha ...

April 26, 2022

For Sage Cloud ERP users, there is no easier way to switch to a paperless accounts payable system than integrating with InvoiceAction, Artsyl’s Document Process Automation platform for processing vendor invoices. Without interrupting underlying systems and processes, InvoiceAction integrates seamlessly with your Sage ERP system — performing automatic invoice data extraction, validating extracted data against vendor databases, and exporting approved invoices to Sage ...

April 21, 2022

It all comes down to data. Data is all around us. And that is the fundamental challenge for companies today — the need to make data work for their business. What are the chances of you working with accurate data every time? The trouble with continuous business operations is that data and documents are not pushed into workflows at the first point of contact with a company — sales and purchase orders received at an off-site location rarely make it to the central repository ...

April 19, 2022

Is your accounts payable department smart? Would you consider it integral to your company’s success? If your answer is in the affirmative, well done! If not, we’ll tell you what you’ve been missing out on. We at Artsyl are excited about the latest version of our proprietary Intelligent Process Automation platform for document-based content and process automation, the docAlpha, launched recently ...

April 14, 2022

When it comes to access and responsibility for data that feeds company insights and informs key performance objectives, CFOs and their staff take center stage. All too often, the biggest challenges CFOs face is access to data that is timely, accurate and relevant as leading indicators of performance. Even in an ideal world, where that data is at their fingertips, the question of how to interpret and act upon that data remains a challenge. The promise of business intelligence and magical dashboards ...

April 12, 2022

All successful companies have one thing in common: they always seek smarter ways of doing business. Today’s ‘smart’ business is dictated by intelligent workflows. Workflow automation is quickly becoming a staple among forward-looking companies. We discuss why and the related benefits ...

April 07, 2022

Previously, we discussed one instance of development of a connected enterprise in delivering heightened business outcomes — having a transformative technology like medical claims processing software handle patient claims helps not only streamline the entire document-based process but also connect payers, providers, and the various stakeholders, invested in closing claims, on a common platform. The collaboration that is achieved with this kind of a connected setup helps ...

April 05, 2022

Stop wasting valuable human capital on monotonous, repetitive tasks that could be performed by intelligent machines. Stop flip-flopping on your management techniques to push organizational goals. Instead, identify mission critical processes that could be automated, so you and your company get the clarity needed to accelerate growth. The big conundrum for organizations these days is not a lack of choice in automation tools, but the question of ...

March 31, 2022

When you know that the customer is still king, you cannot afford to continue with an order management model that depends heavily on manpower. Manual effort is often error prone and also introduces process delays that you cannot afford, especially in a competitive market environment. Reaching out to the customer first before anyone else is imperative, not to mention engaging a customer for the long-term. Customer engagement is determined from the point you receive an order ...

March 30, 2022

Learning is a lifelong process — the more adept you are at something, the better your prospects of getting results. At Artsyl, we take this theory to heart. We hold our extensive ecosystem of partners and customers to a high regard and are always looking for ways to enhance their Artsyl experience, and learning is an essential component of that experience ...

March 29, 2022

ERP systems provide a platform for complete business management. Important departmental functions can be accomplished with ease and users have the advantage of coordinating and communicating inter-departmental and intra departmental activities for a more collaborative management of their business. But ERP systems also hold a lot of data and documents, and are more or less a central repository of all company information. This data may be part of task implementation or may be ...

March 24, 2022

By now, we can agree that technology indeed enables businesses. It’s a prophecy set in stone and one that companies, both large and small, are keen on exploiting to maximize returns. Much of this shift in corporate thinking, though envisioned and experimented on for years, found steam only in the past decade. And strangely enough, the idea that smart technology can propel businesses forward, no matter what the economic state globally, has found maximum traction this past year ...

March 22, 2022

Order processing is a critical part of customer order fulfillment and distribution management. Order processing begins with executing the components of a customer sales order form. A sales order form will contain all the particulars of a customer order and the items that have been purchased. A customer sends a purchase order to a vendor, which contains details of the products and services they intend to purchase. In turn...

March 17, 2022

Why focus on a basic admin function like accounts payable (AP)? In its most basic form, AP involves making payments against invoices received for the supplies you source from vendors. The trouble is, manual invoice processing is time-consuming and costly. More importantly, it’s a cost center that greatly dictates your company’s cash flows, and if not done right, could pose considerable liquidity and debt issues ...

March 15, 2022

The digital workplace is here to stay, so if you haven’t already got onboard with digitization of your office, now is the time! Luckily, for you, this blog is about intelligent document processing, a transformative technology that is capable of streamlining heavy document-based processes, which are typical of any back-office. Data and documents form the crux of any business process. When it comes to the back-office, the paperwork is only amplified by the sheer amount ...

March 10, 2022

Good decision-making is possible when you have the right information in your hands. Timely product and service delivery is also dependent on correct information. Going by this, we can agree that businesses need to concentrate as much on building infrastructure to enable access to correct data as they would on building products. But this hasn’t been a point of focus for many companies for one primary reason: most of them are still stuck in their old ways and dealing with ...

March 03, 2022

Tough times call for tough measures. Exercising austerity in a tough economy is natural for many companies and we are seeing first-hand the benefits of delivering prudence in spending habits and cutting down on unnecessary expenditures. But the overall sentiment among SMBs is they should have prepared better. No exaggeration there — given the frequency with which all the major capitalist economies around the world have faced or are facing a recession-like situation ...

March 01, 2022

Data is at the heart of many business processes. For Sage accounting and ERP software users, initiation of operations in Sage usually begins with some kind of data entry work. Sage i a formidable application that helps companies consolidate their main business processes. Important business functions like accounting, payroll, human resources, inventory management, customer relationship management, etc. can be all managed very efficiently through the Sage platform ...

February 24, 2022

Hybrid work became the buzzword for most of 2020 and 2021, but many businesses have not fully settled into the new working model just yet. Lack of adequate resources and preparation are to blame for this. But hybrid work is the way forward for companies globally, and so it is inevitable that businesses make the investment to arrange for this new model of working for all employees. A hybrid work model provides employees the flexibility to conduct their official duties ...

February 22, 2022

Customer service is not a game of hits and misses: not when you have powerful digital transformation tools at your disposal. There are many channels of engagement that help you reach the customer first but the important question is how to keep them engaged for the long-term? That means strengthening your customer service and every process that helps you meet customer expectations ...

February 17, 2022

Smart is the way forward, if you’re looking to beat the competition and build steady revenues. But is it really worth automating something as mundane and routine as a mailroom job? The answer is YES! We discuss why it pays well to digitze your mailroom operations and how intelligent process automation transforms not just your traditional mailroom jobs but also accelerates the pace with which you deliver business ...

February 15, 2022

We discuss why a formidable RPA platform like Automation Anywhere requires to be integrated with document capture software. Automation Anywhere brings businesses the leverage they need to maximize output from routine, repetitive processes. Today, robotic process automation is a staple for forward-looking companies wanting to elevate their processes and functions to the level of best-in-class, but without draining their valuable resources and manpower ...

February 10, 2022

Working with paper is inefficient. Paper invoices and related accounts payable documents are routinely lost, damaged, misplaced, or misfiled — causing delays, errors, and incorrect processing of payables and payments. Digitizing invoice processing and payments helps lower the risks and inefficiencies of manual paperwork. It also helps bridge the gap in automation from when an invoice is received to when it is recorded in an ERP system like Acumatica Cloud ERP ...

February 08, 2022

Your new hires are talented, smart, and raring to demonstrate their expertise for the high-end job they were hired for! And then you invariably assign them to mundane, repetitive tasks because they happen to be piling up fast? There goes your one opportunity to engage your best talent to contribute to the growth of your organization! Employee churn, more often than not, has been blamed on the dissatisfaction workers experience when they ...

February 03, 2022

Businesses run on data. Your typical office depends on information to implement the next steps in a process, function, department, or connected system. That means any amount of bad data can alter or derail the intended business outcomes. A case in point being the data from an invoice, which impacts payables and the payments process, and subsequent debt reconciliation. Incorrect invoice data entry can result in over-or-under-payments ...

February 01, 2022

We have successfully concluded our participation in the Acumatica Summit this past month! The week-long summit proved to be a great success as we met and shared insights with our partners, customers, and attendees. Team Artsyl was there as gold sponsors to demonstrate the latest version of InvoiceAction, our prepackaged intelligent process automation solution for straight-through invoice processing — certified for 2021 R2 by Acumatica ...

January 27, 2022

Ready for the year ahead of you? As with any other company, cost savings and operational efficiency may certainly be two of the things you would want to achieve the most this year. Accounts Payable (AP) certainly counts among the critical business operations that, if managed poorly, could cost companies in the hundreds and thousands. Managing AP is such a routine, everyday exercise that businesses think little of how it could impact the overall revenues and cash flows ...

January 25, 2022

Artsyl is a publisher of intelligent process automation technologies for managing different types of document processing work. We’ll discuss how the intelligent automation solutions find application in different domains. Companies are constantly looking for new ways and tools to embrace the evolving needs of business and customers. Intelligent process automation helps companies meet those requirements in a cost-effective way. As we explain how companies have managed to re-engineer ...

January 20, 2022

Why do you need docAlpha? Or, let’s rephrase a little; why do you need intelligent automation for your business? Intelligent automation combines robotic process automation with cognitive technologies like AI and machine learning to enable rapid automation of complex business processes. When it comes to docAlpha, the automation capabilities are amplified by smart technologies like intelligent data capture and OCR/ICR. Intelligent automation technology embedded with data capture ...

January 18, 2022

In the midst of setting targets and goals for 2022, have you considered transforming your office? The digital workplace is a reality for many successful companies, and if you’re not invested in it already, now is the time! The office is no longer just a place to house employees during the day, rather it is more a strategic environment to get on the digital transformation curve. A digital office is a boon to companies looking for their next opportunity to disrupt the market and achieve consumer ...

January 13, 2022

The pandemic and ensuing social restrictions have accelerated investments in the cloud, no doubt, but the flexibility and cost-effectiveness of the cloud should have long made it a regular feature within organizations. The general reluctance to move critical business operations to the cloud may have been due to security concerns, especially when considering having proprietary software and critical data on the internet. But for businesses wanting to cut down on the running costs ...

January 11, 2022

Artsyl’s docAlpha digital transformation platform mobilizes content-dependent processes by providing intelligence-based workflows for the acquisition, validation, verification, and export of transaction data to an ERP system or other line-of-business applications (LoBs). Its combined digital transformation technologies including AI, Machine Learning, Business Process Automation (BPA), Intelligent Data Capture, etc. help with straight-through processing of transaction documents ...